Category: Social Security

My Comments: Social Security has become a critical financial component in the lives of millions of retired people. If you’re not there yet, you must learn the basics or live with the regret. I think of age 50 as a critical turning point for any adult who thinks they might retire some day. From this …

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By Tony Kendzior, CLU, ChFC These facts about Social Security are intended as general information for those planning to file for Social Security benefits. The idea is to help you get what you are entitled to and not leave dollars behind that can’t be recovered. You should seek guidance from the Social Security Administration (SSA) …

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My Comments: *Actually, it's not the most important, but... The message that accompanies this chart is very important. Read further before you start looking for the chart. No one has ever said this was going to be simple and it’s not. But it’s critical you make an effort to understand all this since Social Security …

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My Comments: By now you know that I spend time promoting my online school created to help people retire. Of the four modules of the primary course, one of them is devoted to Social Security. For most of us, retirement is a transition from working for money to not working for money. As that happens, …

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My Comments: Maybe. But without some changes, what they get may be very different from what folks are getting today. I’ve written several times about how to fix the system without pushing the economy into chaos. Just know that the longer the wait until changes are made, the more disruptive it will be for everyone. …

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Just 10? Nah, there’s lots more but let's start with these. If you’ve been paying FICA taxes ( see #3 below ), and have done so for at least 40 quarters, then you can expect to qualify for retirement benefits at some point. None of these 10 tell you when to claim benefits, or what …

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My Comments: The latest budget proposal from the current White House suggests there will be a new effort to partially defund Social Security, Medicaid and Medicare. What exactly do they expect to achieve politically from this effort? Those of us already receiving Social Security benefits plus the many millions more who are aging and becoming …